Foundry and Forging Robots Market Analysis

Foundry robots are revolutionizing foundry operations due to their ability to enhance productivity with high speed and efficiency with minimal wastage. Metal casting, automobile, and semiconductor foundries are the three main industries in which foundry robots play a major role in operations.

The metal foundry industry accounted the largest share of the global foundry and forging robots market and is likely to continue its dominance during the forecast period as well. Several ongoing and planned investments in the manufacturing and power plant construction projects require various industrial machinery and products that are made of metal components and parts molded from metal foundries. The increase in demand for metal components will increase the demand for forging robots from these foundries as they primarily use robots to achieve increased production rate, improve quality, and maintain standardization.

The APAC will dominate the global foundry and forging robots market. The presence of major countries such as China, Japan, South Korea Taiwan, and India that are increasingly adopting foundry and forging robots in their foundries will drive the growth of the market in this region. This region is currently witnessing the exponential growth of several industries such as construction, power, chemicals, oil and gas, and other manufacturing sectors that require industrial equipment and machinery that use various metal components and parts. Additionally, the growth of the manufacturing sector in China and India will also increase the adoption of industrial robotics in the next few years.

The Foundry and Forging Robots market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Foundry and Forging Robots.

This report presents the worldwide Foundry and Forging Robots market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Foundry and Forging Robots :

History Year: 2014 - 2018

Base Year: 2018

Estimated Year: 2019

Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Foundry and Forging Robots market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.